Poor market conditions make SME lending a tough sell
While the banks may be lending money in some sectors, overall demand remains low as businesses struggle with legacy of recession, writes Jon Ihle.
Bank of Ireland and AIB may be on track to meet their government-imposed target to lend at least €4 billion each to small and medium enterprises (SMEs) this year, but two new reports indicate the credit market still remains constrained for small businesses.
Falls in domestic demand, consumer sentiment and household consumption have not only reduced SMEs' ability to repay existing loans or secure new credit, but the poor macroeconomic conditions have also reduced demand...
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